A while ago I made a post about how the Micro Warp Drive would speed up travel by warping you closer to the Stargate. That info was wrong as it does not 'technically' do this. Given that, I never bought one and installed it even though I had the skills.
Well tonight I bought a lvl 1 MWD just to see what it would do. Basically, they freak'n rock! You come out of Warp the typical 15k away from where ever you want to be. Now a good AB would double your speed in getting there so a 270 ship would AB to about 500ish. A 270 speed ship with MWD tops out well over 1300! I cover the 15k in literally 5seconds. I travel so fast my ship will actually hit the jump station before it jumps
The downside to this is that is kills your Capacitor. I mean totally drains it if you have a small ship. It takes 42.75 capacitor energy to activate, my friagte has a total of 150 much of which is used in the warps between gates. This could cause you to not have enough Capacitor to do a single warp to the next Stargate which would force you to stop, warp, stop, warp just like the n00bie days (you do have Nav skills right?). With a few mods; namely Capacitor recharge and others this problem is bypassed.
Also, this is excellent for courier/trade/delivery missions but if you are headed into combat I wouldn't use the WMD as the drain on your capacitor could prevent you from using your weapons or shield boosters.
For all us couriers out there training up the skills for a WMD and other capacitor raising skills could seriously decrease your travel times. So much so that I have removed my AB and just use the MWD on most of my ships.
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Did a bit more testing. The Frigate class is, obviously, great for frigates. You will need some Cap upgrades but should be fine. I used the 1MN MWD in my Badger II and saw very little increase. Tried to get a larger WMD; battleship and cruiser classes are also available, but I seem to not have enough energy in the power core to run those as they start at 150powercore and my Badger has 96.
So courier missions in my frigate with upgrades seems a tested and excellent way to go. Id be curious to see how the battleship and cruiser ones work as well. I may buy one just to test it out.
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Skills that will help conserve capacitor use for jumps:
Warp Drive Operations -10% cap need per lvl
High Speed Maneuvering -5% reduction in cap needs for MWD per lvl
Both of those at lvl 3 will greatly reduce your cap drain. Im training up to lvl 3 on these now and may not even need hardware for my frigate. If I do it would be a small cap recharger and that should do it.